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Green Landscaping: Herzlich willkommen in Deutschland, Green! - SEB

Green has announced the acquisition of Schmitt & Scalzo, a leading landscaping company active in the Rhein/Main Area. In 2022, the company reported EUR 13m in revs with above group avg. margins, implying c.3-5% upside to our estimates. The acquisition will become a platform for further expansion in Germany, which significantly increases its addressable market opportunity. The acquisition is financed through existing credit facilities and a non-cash issue of 0.6m in shares.

Green has announced the acquisition of Schmitt & Scalzo, a leading landscaping company active in the Rhein/Main Area. In 2022, the company reported EUR 13m in revs with above group avg. margins, implying c.3-5% upside to our estimates. The acquisition will become a platform for further expansion in Germany, which significantly increases its addressable market opportunity. The acquisition is financed through existing credit facilities and a non-cash issue of 0.6m in shares.
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